AVIO S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.5 EUR | -1.88% |
|
-1.03% | +35.93% |
| May. 09 | Transcript : Avio S.p.A., Q1 2024 Earnings Call, May 09, 2024 | |
| May. 08 | Avio first quarter sees order book and revenues grow | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 365.3 | 291.3 | 300.6 | 241.2 | 213.8 | 290.6 | - | - |
| Enterprise Value (EV) 1 | 307.4 | 228.7 | 243.4 | 166.8 | 137.6 | 261.3 | 250.6 | 245.1 |
| P/E ratio | 14.4 x | 21.8 x | 36.6 x | -479 x | 33.8 x | 42.2 x | 20.5 x | 15.1 x |
| Yield | 3.17% | 2.51% | 1.52% | - | 2.84% | 1.55% | 2.42% | 3.19% |
| Capitalization / Revenue | 0.99 x | 0.9 x | 0.96 x | 0.68 x | 0.62 x | 0.76 x | 0.67 x | 0.6 x |
| EV / Revenue | 0.83 x | 0.71 x | 0.78 x | 0.47 x | 0.4 x | 0.68 x | 0.58 x | 0.51 x |
| EV / EBITDA | 7.22 x | 5.28 x | 6.41 x | 6 x | 4.92 x | 8.36 x | 6.6 x | 5.44 x |
| EV / FCF | 8.58 x | 17.9 x | 32.3 x | 5.02 x | 22.4 x | -6.09 x | 14.4 x | 16.7 x |
| FCF Yield | 11.7% | 5.6% | 3.1% | 19.9% | 4.46% | -16.4% | 6.93% | 5.97% |
| Price to Book | 1.23 x | 0.96 x | 0.99 x | - | - | 1 x | 0.98 x | 0.95 x |
| Nbr of stocks (in thousands) | 26,359 | 25,688 | 25,688 | 25,206 | 25,268 | 25,268 | - | - |
| Reference price 2 | 13.86 | 11.34 | 11.70 | 9.570 | 8.460 | 11.50 | 11.50 | 11.50 |
| Announcement Date | 3/25/20 | 3/19/21 | 3/14/22 | 3/13/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 368.7 | 322 | 311.6 | 357.3 | 343.7 | 381.7 | 434.3 | 484.3 |
| EBITDA 1 | 42.59 | 43.3 | 38 | 27.8 | 28 | 31.24 | 37.97 | 45.07 |
| EBIT 1 | 27.97 | 24 | 16.85 | 8.613 | 12.72 | 11.54 | 16.8 | 21.52 |
| Operating Margin | 7.59% | 7.45% | 5.41% | 2.41% | 3.7% | 3.02% | 3.87% | 4.44% |
| Earnings before Tax (EBT) 1 | 26.98 | 15.41 | 8.622 | 1.386 | 6.641 | 7.712 | 14.9 | 19.97 |
| Net income 1 | 26.2 | 14.12 | 8.48 | -0.4348 | 6.487 | 7.427 | 14.07 | 18.97 |
| Net margin | 7.11% | 4.38% | 2.72% | -0.12% | 1.89% | 1.95% | 3.24% | 3.92% |
| EPS 2 | 0.9600 | 0.5200 | 0.3200 | -0.0200 | 0.2500 | 0.2723 | 0.5620 | 0.7615 |
| Free Cash Flow 1 | 35.85 | 12.8 | 7.541 | 33.22 | 6.137 | -42.9 | 17.37 | 14.63 |
| FCF margin | 9.72% | 3.97% | 2.42% | 9.3% | 1.79% | -11.24% | 4% | 3.02% |
| FCF Conversion (EBITDA) | 84.17% | 29.56% | 19.84% | 119.51% | 21.92% | - | 45.74% | 32.47% |
| FCF Conversion (Net income) | 136.83% | 90.66% | 88.93% | - | 94.6% | - | 123.46% | 77.14% |
| Dividend per Share 2 | 0.4400 | 0.2850 | 0.1780 | - | 0.2400 | 0.1778 | 0.2787 | 0.3670 |
| Announcement Date | 3/25/20 | 3/19/21 | 3/14/22 | 3/13/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 167.9 | - | 70.06 | 113.8 | 65.9 | 68.09 | 134 | - |
| EBITDA 1 | 19.88 | - | 1.316 | 26.2 | 1.2 | 4.431 | 5.631 | - |
| EBIT 1 | 11.49 | - | -3.807 | 20.65 | -4.1 | 0.355 | -3.745 | 1.4 |
| Operating Margin | 6.84% | - | -5.43% | 18.15% | -6.22% | 0.52% | -2.8% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | -2.441 | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | - | -0.1000 | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 9/15/20 | 9/10/21 | 11/8/21 | 3/14/22 | 5/10/22 | 9/9/22 | 9/9/22 | 9/8/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 57.9 | 62.6 | 57.2 | 74.5 | 76.1 | 29.3 | 40 | 45.5 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 35.8 | 12.8 | 7.54 | 33.2 | 6.14 | -42.9 | 17.4 | 14.6 |
| ROE (net income / shareholders' equity) | 9.41% | 4.71% | 2.8% | 1.89% | 0.47% | 3.04% | 4.55% | 5.6% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 11.20 | 11.80 | 11.80 | - | - | 11.50 | 11.70 | 12.10 |
| Cash Flow per Share 2 | 2.490 | 1.790 | 1.560 | 3.020 | - | 1.060 | - | - |
| Capex 1 | 29.8 | 34.6 | 33.7 | 32.5 | 36.3 | 34.4 | 31.6 | 29.2 |
| Capex / Sales | 8.07% | 10.74% | 10.82% | 9.1% | 10.57% | 9.02% | 7.28% | 6.03% |
| Announcement Date | 3/25/20 | 3/19/21 | 3/14/22 | 3/13/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
11.72
EUR
Average target price
12.68
EUR
Spread / Average Target
+8.15%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +35.93% | 322M | |
| -4.98% | 3.52B | |
| -9.56% | 918M | |
| -60.41% | 409M | |
| +4.74% | 123M | |
| -.--% | 116M |
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- Financials Avio S.p.A.
